Reverse mortgages are becoming a popular option for seniors on fixed incomes, allowing them to access their home equity without having to make monthly payments. A Reverse Mortgage for Purchase program also allows seniors aged 62 or older to purchase a home without a mortgage payment. To qualify, borrowers must have their required investment and pay property taxes, insurance, HOA fees, and utilities.
Tara Lubin, a seasoned REALTOR and Broker Associate, is renowned for her exceptional service and deep knowledge of the Chicago real estate market. With a focus on luxury as a service level rather than a price point, Tara provides unparalleled guidance and support to her clients. Partner with Tara and experience the difference in your real estate endeavors.
A new report from the FHFA will require Federal Home Loan banks to take on more responsibility for affordable housing goals. The report suggests that the number of Home Loan banks may be reduced and executive compensation reduced by 80%. The banks have the option to...
Approximately 81% of Cook County residents experienced an increase in their property taxes, with some areas seeing up to a 15% increase. The northwest suburbs, including Melrose Park, Des Plaines, and Hoffman Estates, were hit the hardest. The Cook County...
Median home price in Macomb: $69,900; ~$250K < state avg Despite savings, homes in Macomb are 400 sq ft smaller on avg. Reasonably sized homes in Macomb listed > $35K.
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